Kibo Energy (LON:KIBO) Trading Down 12.5% – Here’s Why

Shares of Kibo Energy PLC (LON:KIBO) dropped 12.5% on Friday . The stock traded as low as GBX 0.01 ($0.00) and last traded at GBX 0.01 ($0.00). Approximately 195,654 shares traded hands during trading, a decline of 99% from the average daily volume of 20,101,291 shares. The stock had previously closed at GBX 0.01 ($0.00).

Kibo Energy Price Performance

The stock has a market cap of £430,500.00, a PE ratio of -5.50 and a beta of -0.10. The stock’s fifty day moving average is GBX 0.01 and its 200-day moving average is GBX 0.01. The company has a debt-to-equity ratio of 293.44, a current ratio of 0.05 and a quick ratio of 0.48.

Kibo Energy (LON:KIBO) last announced its quarterly earnings results on Monday, December 23rd. The company reported GBX (0.10) ($0.00) earnings per share (EPS) for the quarter.

Kibo Energy Company Profile

Kibo Energy PLC is a multi-asset energy company positioned to address acute power deficits in Sub-Saharan Africa and, more recently, the UK.

The Company is focused on the development of three thermal coal power projects in Mozambique, Botswana and Tanzania, which all share stable operating environments as well as an acute need for consistent power.